Electronic markets and electronic hierarchies

By Thomas W. Malone, Joanne Yates, Robert I. Benjamin

Communications of the ACM, Vol. 30 No. 6, Pages 484-497
10.1145/214762.214766

By reducing the costs of coordination, information technology will lead to an overall shift toward proportionately more use of markets—rather than hierarchies—to coordinate economic activity.

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Electronic markets and electronic hierarchies

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